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Alpha FX Group PLC - London-based foreign exchange risk management and international payments - Says revenue is up 68% in 2021 to £77.5 million, from £46.2 million in 2020, as client numbers increase by 27%. Second half revenue breaks historic records at £43.3 million. Profit before tax nearly doubles year-on-year to £33.2 million from £17.1 million.
Alpha declares a final dividend of 8.0 pence per share, for a total of 11.0p, up 38% year-on-year from 8.0p. Its outlook for the coming year remains positive, as it focuses on growing Alternative Banking Solutions, and expanding its FX Risk Management's UK success to overseas markets.
‘We have consistently delivered year-after-year, even in the most testing of macro environments, and 2021 was no exception. Our capabilities, cash position and governance have never been stronger - bolstered by a healthy and balanced management bandwidth and clear and considered strategy,’ says Chief Executive Officer Morgan Tillbrook.
Current stock price: 1,745.00 pence, up 12% on Wednesday
12-month change: up 25%
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